Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Jan 2

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The markets continued lower on Thursday after moving higher during Globex and into the U.S. opening. The Nasdaq took the lead on the downside and maintained that lead for the majority of the day. I discuss the current labeling and what the markets are doing to support additional declines before either Minor a or Intermediate 4 is complete. I discuss support levels as well -- My personal feelings are that additional downside is needed before a stronger rally, in this case a larger "B" wave takes over. The time factor is also discussed tonight.

Video Length: 00:32:06


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Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

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